RobertWColby's Commentaries
Daily Stock Market Update
Stock Market: strong price and strong breadth. Intermarket signals seem mixed up.
Foreign stock index ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down to a new 5-week low.
Energy Stock Sector Relative Strength Ratio (XLE/SPY) broke down to a new 9-week low on 6/25/09. XLE performance continues to lag relative to the price of the commodity, crude oil.
Crude Oil July futures contract price bounced to recover about a Fibonacci 61.8% of its recent decline, which is normal for a countertrend rally.
Gold bounced above the closes of the previous 4 trading days and a June downtrend line, which is Bullish for the short term. Over the past 3 weeks, Gold corrected a Fibonacci 61.8% retracement of its rise from 865 on 4/17/09 to 990.30 on 6/3/09.
Gold Mining Stocks ETF (GDX) Relative Strength versus Gold bullion turned upward since 6/22/09, and that is Bullish for GDX.
U.S. Treasury Bond September futures contract price broke out above resistance at 117.30, which is Bullish for the short term.
Bond quality ratios (LQD/TLT) turned down since 6/10/09, suggesting a diminished appetite for risk.
On Thursday, the S&P 500 ETF (SPY) opened lower but soon reversed to the upside. Within the first 2 hours, price had moved above the highest levels of the previous 3 trading days. SPY price peaked at 1:22 p.m., then consolidated at a high level into a firm close. The Cumulative Daily Advance-Decline Line, which had been rising from 3/10/09 to 6/11/09, rose again for the second consecutive session and looks relatively strong versus price. The S&P 500 ETF (SPY) rose 2.18% and ended the day well above its open and midpoint of the day’s high-low range.
SPY volume rose 32%. Volume still remains below its 200-day SMA, suggesting relatively low demand for stocks. Since 4/2/09, volume has been below its 200-day SMA every single day, thereby denying confirmation of strong demand for stocks indicated by price alone.
Longer-term trends are still a problem, based mainly on Bearish long-term momentum indicators. The entire bounce from the March low to the June high still could be a Dow Theory Secondary Reaction, an intermediate-term correction that interrupts and moves in an opposite direction against the Bearish Primary Tide—and fools many into thinking a new Bull Market has started.
A pure chartist might say the market needs bottom testing, base building, and time before it can free itself from the Bear.
Spotlight on event stocks: Here is a stock screen I designed to pick out potential event stocks, both Bullish and Bearish. Sometimes, stocks with large changes in price and volume are revealed to be deal stocks, sooner or later, or are the subject of some other extraordinary events, positive or negative.
Bullish Stocks: Rising Price and Rising Volume
% Price Change, Symbol, Name
17.52% , LEN , Lennar Corp. (LEN)
18.88% , CAR , Avis Budget Group, Inc. (CAR)
15.19% , SIRI , Sirius Satellite
9.48% , BBBY , BED BATH BEYOND
8.50% , CECO , CAREER EDUCATION CORP
10.44% , SLM , SLM CORP
2.30% , VOX , Telecom Services VIPERs, VOX
5.15% , BSX , BOSTON SCIENT
2.22% , BBH , Biotech H, BBH
4.41% , IYT , Transportation Av DJ, IYT
5.32% , RHI , ROBERT HALF
2.28% , FDL , Dividend Leaders, FDL
3.07% , ADRE , Emerging 50 BLDRS, ADRE
5.12% , LLY , ELI LILLY
3.07% , RAI , RJR TOBACCO HLDS
4.76% , TNB , THOMAS & BETTS
2.17% , IXG , Financials Global LargeCap Value, IXG
5.23% , TJX , TJX
8.12% , MTB , M&T BANK
10.40% , FMCN , Focus Media, FMCN
4.98% , HSIC , Henry Schein Inc
2.58% , PZI , Micro Cap Zachs, PZI
4.38% , IPG , INTERPUBLIC GRP
5.25% , NVDA , NVIDIA
5.19% , MVV , Ultra MidCap400 Double, MVV
5.41% , FRX , FOREST LABS STK A
2.34% , JKI , Value MidCap iS M, JKI
4.31% , APOL , APOLLO GROUP
7.30% , MTG , MGIC INVESTMENT
2.10% , MDP , MEREDITH
2.21% , FDV , Value 40 Large Low P/E FT DB, FDV
2.68% , JKL , Value SmallCap iS M, JKL
6.81% , JNY , JONES APPAREL
1.66% , IYK , Consumer Non-Cyclical, IYK
1.78% , RPV , Value S&P 500, RPV
4.47% , ADI , ANALOG DEVICES
4.70% , HSP , HOSPIRA
2.61% , ETR , ENTERGY
8.98% , TBH , Telebras HOLDRS, TBH*
2.77% , XLV , Health Care SPDR, XLV
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-6.18% , PAYX , PAYCHEX
-3.28% , NKE , NIKE STK B
-4.17% , RHT , Red Hat Inc.
-8.61% , UIS , UNISYS
-4.24% , CAG , CONAGRA FOODS
-4.27% , SDS , Short 200% S&P 500 PS, SDS
-3.96% , QID , Short 200% QQQ PS, QID
-3.95% , DXD , Short 200% Dow 30 PS, DXD
-2.49% , PST , 200% Short Bond 7-10 Yr T, PST
-5.40% , MZZ , Short 200% MidCap 400 PS, MZZ
-1.41% , ADRD , Developed 100 BLDRS, ADRD
-2.02% , PSQ , Short 100% QQQ, PSQ
-2.08% , DOG , Short 100% Dow 30, DOG
-2.06% , SH , Short 100% S&P 500, SH
-0.92% , PMTC.O , PARAMETRIC
-1.56% , ERIC.O , LM Ericsson Telephone Company
-0.65% , LSI , LSI LOGIC
-3.77% , TBT , 200% Short US T Bond, TBT
-0.21% , SNPS , Synopsys Inc
-0.24% , NVLS , NOVELLUS SYS
-0.78% , KEY , KEYCORP
-0.85% , BEN , FRANKLIN RSC
-0.33% , C , CITIGROUP
-0.19% , MCO , MOODYS CORP
-0.06% , MKC , MCCORMICK
-0.08% , IIH , Internet Infrastructure H, IIH
9 Major U.S. Stock Sectors
Ranked on Latest One-Day Price Change
% Price Change, Sector ETF, Symbol
3.49% Consumer Discretionary SPDR, XLY
3.08% Industrial SPDR, XLI
2.77% Health Care SPDR, XLV
2.15% Financial SPDR, XLF
2.13% Materials SPDR, XLB
2.10% Energy SPDR, XLE
1.72% Consumer Staples SPDR, XLP
1.68% Utilities SPDR, XLU
1.45% Technology SPDR, XLK
Primary Tide Trends for the 9 major sectors can last for years. Here are my up-to-date Relative Strength Rankings, as measured with emphasis on these long-term Primary Tide Trends (listed in order of long-term relative strength):
Technology (XLK) Bearish, Underweight. The Relative Strength Ratio (XLK/SPY) rose to its highest level in 7 years on 6/24/09.
Health Care (XLV) Bearish, Underweight. The Relative Strength Ratio (XLV/SPY) rose sharply since 6/15/09, and so Health Care rose in this ranking.
Consumer Discretionary (XLY) Bearish, Underweight. The Relative Strength Ratio (XLY/SPY) broke down below 12-week lows on 6/24/09.
Consumer Staples (XLP) Bearish, Underweight. The Relative Strength Ratio (XLP/SPY) has stabilized since making a low on 5/6/09.
Utilities (XLU) Bearish, Underweight. The Relative Strength Ratio (XLU/SPY) rose to a new 2-month high on 6/18/09, resulting in a move up in this long-term RS ranking.
Materials (XLB) Bearish, Underweight. The Relative Strength Ratio (XLB/SPY) broke down to a new 8-week low on 6/19/09.
Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) broke down to a new 9-week low on 6/25/09. XLE performance continues to lag relative to the price of the commodity, crude oil.
Industrial (XLI) Bearish, Underweight. The Relative Strength Ratio (XLI/SPY) broke down to a new 11-week low on 6/24/09.
Financial (XLF) Bearish, Underweight. The Relative Strength Ratio (XLF/SPY) broke down to a new 7-week low on 6/17/09, showing renewed weakness.
The relative performance measurements of the 9 major sectors are hinting at a shift in leadership. The sectors reflected a growing investor appetite for risk in March and April, but that started to change in May and is becoming more evident in June.
Foreign stock index ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down to a new 5-week low. EFA is the ETF representing the EAFE, the international developed country stock markets, excluding the U.S. and Canada.
NASDAQ Composite Relative Strength versus the S&P 500 moved up to an 8-year high on 6/24/09.
Growth Stock/Value Stock Relative Strength Ratio has been in a Bullish Major Trend since 8/8/06.
Russell 1000 Value ETF (IWD) remains in a Bearish Major Trend, underperforming the SPY since 3/22/07. Long term, the IWD closing price broke down below its 9-year closing price lows on 3/9/09. In addition, the IWD Relative Strength Ratio (IWD/SPY) broke down to a new 6-year low on 3/6/09.
The Small Cap/Large Cap Ratio appears to be trending down moderately short-term, since 6/5/09.
Crude Oil July futures contract price bounced to recover about a Fibonacci 61.8% of its recent decline, which is normal for a countertrend rally. Oil is probably still Bearish short term. On 6/19/06, oil broke down below the lows of the previous 11 trading days. The big price run-up since February left oil overbought, and now oil could correct that overbought condition. U.S. OIL FUND ETF (AMEX: USO) is not a pure play on Crude Oil, although it generally moves in the same direction.
The Energy stock sector underperformed Crude Oil since 2/18/09, and broke down to a new 6-month low on 6/16/09.
Gold August futures contract price bounced above the closes of the previous 4 trading days and a June downtrend line. Over the past 3 weeks, Gold corrected a Fibonacci 61.8% retracement of its rise from 865 on 4/17/09 to 990.30 on 6/3/09. Longer term, Gold has been in a correction for more than a year, since the peak of 1,033.90 on 3/17/08.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to Gold bullion) turned upward since 6/22/09, and that is Bullish for GDX.
U.S. Treasury Bond September futures contract price broke out above resistance at 117.30, which is Bullish for the short term.
Bond quality ratios (LQD/TLT) turned down since 6/10/09, suggesting a diminished appetite for risk. LQD/TLT is iShares iBoxx $ Invest Grade Corp Bond ETF (LQD) price divided by 20+ Years US Treasury Bond ETF price (TLT).
The U.S. dollar price broke down below the lows of the previous 6 trading days on 6/23/09. USD appears more Bearish than Bullish, short term. On 6/2/09, USD fell to another new 8-month low, confirming a major Bearish downtrend.
The Art of Contrary Thinking: It is important to recognize that although surveys indicated significant Bearish sentiment nearly all year in 2008, that did not keep the stock market from suffering one of its biggest yearly declines on record. Contrary Thinking alone is not sufficient. It must be tempered by means of more precise market timing tools.
Advisory Service Sentiment: There were 43.6% Bulls versus 28.7% Bears as of 6/24/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.52, down from 1.70 the previous week. The ratio’s 39-year range is 0.28 to 17.51, the median is 1.43, and the mean is 1.73.
VIX Fear Index fell to a 9-month low of 26.36 on 6/25/09, indicating bullish complacency displacing fear. VIX is a market estimate of expected constant 30-day volatility, calculated by weighting S&P 500 Index CBOE option bid/ask quotes spanning a wide range of strike prices for the two nearest expiration dates.
VXN Fear Index fell to a 9-month low of 27.25 on 6/25/09, indicating bullish complacency displacing fear. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.
CBOE Put/Call Ratio fell to 0.54 on 5/4/09, indicating bullish sentiment near the top of the March-May bounce. The ratio’s 5-year mean is 0.67, median is 0.65, and its range is 0.35 to 1.35.
ISEE Call/Put Ratio rose to 1.75 on 5/29/09, indicating bullish sentiment. The ratio’s 5-year mean is 1.43, median is 1.38, and its range is 0.51 to 3.16.
Fundamentals: The 2003-2007 Bull Market was fed by abundant global liquidly, M&A, leveraged buyouts, corporate stock buybacks, and a net balance of positive earnings surprises. The unfolding fallout from the credit market crisis derailed that engine. Since the stock market low on since 3/9/09, unprecedented and massive monetary and fiscal stimulation appear to have had an impact on investor sentiment.
The Dow Theory allows for a Secondary Reaction to the upside. A Secondary Reaction typically lasts several months and retraces a fraction of the previous Bear Market decline. The Dow-Jones Industrial Average rose to a new 5-momth closing price high in June but the Dow-Jones Transportation Average failed to close above its high of 5/6/09, thereby signaling a non-confirmation and calling into question the longevity of the Secondary Reaction. The two Averages originally signaled a Primary Tide Bear Market on 11/21/07, when both closed below their closing price lows of August, 2007.
To discover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor's 500 cash index:
Potential Resistance
1,576.09, high of 10/11/2007
1,552.76, high of 10/31/2007
1,523.57, high of 12/11/2007
1,498.85, high of 12/26/2007
1,440.24, high of 5/19/2008
1,406.32, high of 5/29/2008
1,381.50, Fibonacci 78.6% of 2007-2009 drop
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,313.15, high of 8/11/2008
1,274.42, high of 9/8/2008
1,255.09, high of 9/12/2008
1,238.807, Fibonacci 78.6% of 1,576.09 high
1,228.74, Fibonacci 61.8% of 2007-2009 drop
1,220.03, high of 9/25/2008
1,121.44, Fibonacci 50.0% of 2007-2009 drop
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.31, high of 10/14/2008
1,014.14, Fibonacci 38.2% of 2007-2009 drop
1007.78, Gann 37.5% of 2007-2009 drop
1,007.51, high of 11/4/2008
956.23, high of 6/11/2009
943.85, high of 1/6/2009
941.81, Fibonacci 78.6% of June 2009 range
935.66, low of 6/12/2009
930.20, Fibonacci 61.8% of June 2009 range
930.17, high of 5/8/2009
927.09, high of 6/19/2009
922.55, Fibonacci 50% of June 2009 range
To discover the next Support, traders probably will be watching how the market acts at the following levels for the S&P 500 cash index:
Potential Support
888.86, low of 6/23/2009
883.87, Gann 75.0% of 2009 range
881.46, low of 5/26/2009
879.61, low of 5/21/2009
878.94, low of 5/15/2009
877.86, high of 1/28/2009
877.52, close of 5/1/2009
875.63, high of 4/17/2009
875.01, high of 2/9/2009
871.80, high of 4/24/2009
866.10, low of 5/1/2009
847.69, Gann 62.5% of 2009 range
847.12, low of 4/28/2009
845.56, Fibonacci 61.8% of 2009 range
826.83, low of 4/21/2009
811.51, Fibonacci 50.0% of 2009 range
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
777.36, Fibonacci 38.2% of 2009 range
775.33, Gann 37.5% of 2009 range
666.79, intraday low of 3/6/2009
665.23, Fibonacci 61.8% of 2002-2007 upmove
602.07, Fibonacci 38.2% of 1,576.09 high
Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
6.54% Biotech & Genome, PBE
5.35% Value SmallCap S&P 600, RZV
5.19% Ultra MidCap400 Double, MVV
5.12% Homebuilders SPDR, XHB
4.69% Metals & Mining SPDR, XME
4.48% Ultra S&P500 Double, SSO
4.41% Transportation Av DJ, IYT
4.08% Ultra QQQ Double, QLD
4.01% Brazil Index, EWZ
3.98% Ultra Dow30 Double, DDM
3.77% Retail, PMR
3.73% Building & Construction, PKB
3.71% Mexico Index, EWW
3.49% Consumer Discretionary SPDR, XLY
3.41% Latin Am 40, ILF
3.36% Nanotech Lux, PXN
3.35% Oil Services H, OIH
3.31% Oil & Gas, PXJ
3.19% Growth MidCap S&P 400, RFG
3.15% Consumer D. VIPERs, VCR
3.13% Small Cap VIPERs, VB
3.08% Industrial SPDR, XLI
3.07% Emerging 50 BLDRS, ADRE
3.07% Pharmaceuticals, PJP
3.06% Dividend High Yield Equity PS, PEY
3.05% Growth SmallCap R 2000, IWO
3.03% Internet B2B H, BHH
2.99% Natural Resource iS GS, IGE
2.98% Emerging Markets, EEM
2.97% Basic Materials DJ US, IYM
2.96% China 25 iS, FXI
2.95% Value SmallCap Russell 2000, IWN
2.91% Biotech SPDR, XBI
2.91% Industrials VIPERs, VIS
2.90% Growth SmallCap VIPERs, VBK
2.89% SmallCap Russell 2000, IWM
2.84% South Africa Index, EZA
2.83% Healthcare DJ, IYH
2.83% Health Care VIPERs, VHT
2.83% Austria Index, EWO
2.83% Hong Kong Index, EWH
2.83% South Korea Index, EWY
2.83% Growth BARRA Small Cap 600, IJT
2.82% Growth SmallCap iS M, JKK
2.81% Retail H, RTH
2.81% MidCap Growth iS M, JKH
2.79% Growth MidCap 400 B, IJK
2.77% Health Care SPDR, XLV
2.76% Growth Mid Cap Dynamic PS, PWJ
2.75% Consumer Cyclical DJ, IYC
2.74% Growth Small Cap DJ, DSG
2.74% Pharmaceutical H, PPH
2.72% Energy Exploration & Prod, PXE
2.68% Value SmallCap iS M, JKL
2.68% MidCap Blend Core iS M, JKG
2.67% Spain Index, EWP
2.66% Canada Index, EWC
2.66% Growth MidCap Russell, IWP
2.65% Growth S&P 500, RPG
2.63% Microcap Russell, IWC
2.62% MidCap S&P 400 iS, IJH
2.59% SmallCap S&P 600, IJR
2.59% Oil, Crude, U.S. Oil Fund, USO
2.58% Micro Cap Zachs, PZI
2.57% Value SmallCap VIPERS, VBR
2.56% MidCap S&P 400 SPDRs, MDY
2.56% Netherlands Index, EWN
2.55% Energy Global, IXC
2.52% LargeCap Blend S&P=Weight R, RSP
2.48% Asia 50 BLDRS, ADRA
2.48% Value SmallCap S&P 600 B, IJS
2.48% Energy VIPERs, VDE
2.48% Emerging VIPERs, VWO
2.48% China LargeCap Growth G D H USX PS, PGJ
2.46% Dividend DJ Select, DVY
2.44% Pacific VIPERs, VPL
2.44% MidCap VIPERs, VO
2.42% Materials VIPERs, VAW
2.41% Pacific ex-Japan, EPP
2.40% MidCap Russell, IWR
2.40% Value Small Cap DJ, DSV
2.39% Extended Mkt VIPERs, VXF
2.39% Value MidCap S&P 400 B, IJJ
2.39% Telecommunications & Wireless, PTE
2.39% Growth S&P 500/BARRA, IVW
2.39% Growth 1000 Russell, IWF
2.39% Water Resources, PHO
2.38% SmallCap Core iS M, JKJ
2.38% Value LargeCap Fundamental RAFI 1000, PRF
2.38% Singapore Index, EWS
2.37% LargeCap Blend Core iS M, JKD
2.37% Internet H, HHH
2.37% Growth SmallCap Dynamic PS, PWT
2.37% Japan Index, EWJ
2.35% Belgium Index, EWK
2.34% Value MidCap iS M, JKI
2.33% Industrial LargeCap Blend DJ US, IYJ
2.32% Blend Total Market VIPERs, VTI
2.30% Telecom Services VIPERs, VOX
2.28% Dividend Leaders, FDL
2.27% Wilshire 5000 ST TM, TMW
2.27% Growth LargeCap Russell 3000, IWZ
2.26% Dividend SPDR, SDY
2.26% LargeCap 1000 R, IWB
2.26% LargeCap Blend S&P 1500 iS, ISI
2.24% Energy DJ, IYE
2.22% Biotech H, BBH
2.21% Australia Index, EWA
2.21% Value 40 Large Low P/E FT DB, FDV
2.18% LargeCap Blend Dynamic PS, PWC
2.18% LargeCap Blend Russell 3000, IWV
2.18% S&P 500 SPDRs LargeCap Blend, SPY
2.17% Financials Global LargeCap Value, IXG
2.17% Lg Cap Growth PSD, PWB
2.17% Value LargeCap Russell 3000, IWW
2.16% LargeCap Blend Total Market DJ, IYY
2.15% LargeCap VIPERs, VV
2.15% Financial SPDR, XLF
2.15% Value S&P 500 B, IVE
2.14% Leisure & Entertainment, PEJ
2.13% Materials SPDR, XLB
2.13% Value 1000 Russell, IWD
2.13% Aerospace & Defense, PPA
2.12% S&P 500 iS LargeCap Blend, IVV
2.12% Growth VIPERs, VUG
2.11% Value Line Timeliness MidCap Gr, PIV
2.11% EAFE Index, EFA
2.10% Energy SPDR, XLE
2.09% Value SmallCap Dynamic PS, PWY
2.09% Bank Regional H, RKH
2.07% Value LargeCap Dynamic PS, PWV
2.07% Malaysia Index, EWM
2.07% Value VIPERs, VTV
2.06% Technology DJ US, IYW
2.06% Dividend Appreciation Vipers, VIG
2.06% Value MidCap Russell, IWS
2.06% Growth LargeCap iS M, JKE
2.05% Value Large Cap DJ, ELV
2.04% LargeCap Blend S&P 100, OEF
2.04% DIAMONDS (DJIA), DIA
2.03% Growth Large Cap, ELG
2.03% Semiconductor iS GS, IGW
2.03% Semiconductors, PSI
2.02% Dividend Achievers PS, PFM
2.02% LargeCap Blend NYSE Composite iS, NYC
2.00% Capital Markets KWB ST, KCE
1.98% Value EAFE MSCI, EFV
1.97% Growth LargeCap NASDAQ 100, QQQQ
1.96% Italy Index, EWI
1.96% Value LargeCap iS M, JKF
1.95% Value MidCap Dynamic PS, PWP
1.94% Financial Services DJ, IYG
1.94% Technology GS, IGM
1.92% LargeCap Rydex Rus Top 50, XLG
1.91% Taiwan Index, EWT
1.87% SmallCap PS Zacks, PZJ
1.87% Utilities H, UTH
1.86% Financial DJ US, IYF
1.86% Euro STOXX 50, FEZ
1.85% Utilities DJ, IDU
1.84% Utilities, PUI
1.83% Bond, 20+ Years Treasury, TLT
1.82% Info Tech VIPERs, VGT
1.80% Technology Global, IXN
1.80% WilderHill Clean Energy PS, PBW
1.78% Value S&P 500, RPV
1.75% Global 100, IOO
1.74% Growth LargeCap NASDAQ Fidelity, ONEQ
1.74% Semiconductor SPDR, XSD
1.72% Growth EAFE MSCI, EFG
1.72% Consumer Staples SPDR, XLP
1.71% Financials VIPERs, VFH
1.68% Utilities VIPERs, VPU
1.68% Utilities SPDR, XLU
1.66% Consumer Non-Cyclical, IYK
1.66% Technology MS sT, MTK
1.65% Telecommunications Global, IXP
1.64% European VIPERs, VGK
1.64% Consumer Staples VIPERs, VDC
1.61% Dividend International, PID
1.60% Software, PSJ
1.59% Real Estate US DJ, IYR
1.59% Telecom DJ US, IYZ
1.58% EMU Europe Index, EZU
1.57% Japan LargeCap Blend TOPIX 150, ITF
1.57% Financial Preferred, PGF
1.57% Networking, IGN
1.55% Software, IGV
1.45% Technology SPDR, XLK
1.43% LargeCap Blend Socially Responsible iS, KLD
1.43% Semiconductor H, SMH
1.38% France Index, EWQ
1.38% Realty Cohen & Steers, ICF
1.37% Sweden Index, EWD
1.36% Healthcare Global, IXJ
1.32% REIT VIPERs, VNQ
1.30% Europe 350 S&P Index, IEV
1.25% Bond, 10 Year Treasury, IEF
1.25% Food & Beverage, PBJ
1.24% OTC Dynamic PS, PWO
1.13% Germany Index, EWG
1.12% India Earnings WTree, EPI
1.07% Value LargeCap NYSE 100 iS, NY
1.05% Software H, SWH
1.03% REIT Wilshire, RWR
0.96% Telecom H, TTH
0.95% Bond High-Yield Corporate, HYG
0.95% Silver Trust iS, SLV
0.94% Gold Shares S.T., GLD
0.93% Europe 100 BLDRS, ADRU
0.89% Preferred Stock iS, PFF
0.88% Insurance, PIC
0.88% Commodity Tracking, DBC
0.78% Bond, Corp, LQD
0.77% Internet Architecture H, IAH
0.59% Value LargeCap Euro STOXX 50 DJ, FEU
0.59% Global Titans, DGT
0.58% Bond, TIPS, TIP
0.52% Switzerland Index, EWL
0.46% Bond, Aggregate, AGG
0.46% United Kingdom Index, EWU
0.19% Bond, 1-3 Year Treasury, SHY
-0.08% Internet Infrastructure H, IIH
-0.40% IPOs, First Tr IPOX-100, FPX
-1.41% Developed 100 BLDRS, ADRD
-2.02% Short 100% QQQ, PSQ
-2.06% Short 100% S&P 500, SH
-2.08% Short 100% Dow 30, DOG
-2.49% 200% Short Bond 7-10 Yr T, PST
-2.56% Short 100% MidCap 400, MYY
-3.77% 200% Short US T Bond, TBT
-3.95% Short 200% Dow 30 PS, DXD
-3.96% Short 200% QQQ PS, QID
-4.27% Short 200% S&P 500 PS, SDS
-5.40% Short 200% MidCap 400 PS, MZZ
stocks, s-p-500, russell-1000, nasdaq, etf